unearned premium

The portion of an insurance premium applicable to the coverage period that has not yet occurred.

• In the same example as above under earned premium, the unearned premium after three months is $900. [Cases: Insurance 1371, 1930, 2046. C.J.S. Insurance §§ 500–501.]

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词条贡献者

译者Jason，毕业于世界顶级翻译学院，擅长翻译各种与税务信贷融资及社区发展相关的法律文件。